Cash advances for merchants

It opens doors to the financial world for many retailers. The merchant cash advance industry is growing at a staggering rate. This growth is due to traditional banks not meeting the needs of small businesses.

This product is very unique. It is a purchase of an asset, not a loan, so we have to use specific language consistent with the purchase of an asset, such as the recovery rate and the discount rate rather than the interest rate. It looks a lot like factoring, but it is a sale that has yet to be made.

A cash advance provider gives merchants a lump sum cash advance up front. In return, merchants agree to repay the principal and fee, giving the company an agreed percentage of their credit card sales until their balance is zero. This percentage is between 12% and 24%. The repayment term is only 5 to 12 months.

Merchants should generally use the vendors’ credit card processor because the advance is automatically refunded as a percentage of the proceeds of each batch. A small number of commercial cash advance companies do not require the merchant to change credit card processors. So if this is a problem, be sure to ask the commercial cash advance company you are thinking of working with.

Cash advances are very different from traditional financing programs. In essence, merchant cash advance providers purchase a small percentage of future MasterCard and Visa income, and the merchant repays it as a daily percentage of that income.

Obtaining cash from traditional financial institutions can be difficult for some businesses, particularly retailers, restaurants, franchises, or seasonal businesses. Credit card processing is most often used by these merchants, so merchant cash advance programs offer a number of benefits.

Why do merchants like it?

Cash is usually available more quickly than with traditional loans. These programs especially appeal to restaurant and retail traders, not only because these types of businesses are rarely able to obtain traditional financing, but also because of the immediate liquidity.

Most cash advance providers advertise that cash can be available in about 10 days. Unlike a loan with a fixed interest rate, the amount owed and the due date set each month, with merchant cash advances, the money is returned as the credit card accounts receivable comes in. .

Merchant Cash Advance programs are conducive to cash flow, especially during slow seasonal periods. Traditional loans and leases require a fixed payment each month, whether the business made a sale or not. Because payments are calculated as a percentage of sales, if sales are growing, payback could be faster, but if the owner experiences any business interruption or slowdown, the payments will be lower.

In most cases, business owners do not offer personal guarantees or offer personal guarantees.

How Suppliers Make Money

Finance charges can vary widely, not just from one provider to another, but from one advance to another. For example, the funding range for a $ 10,000 advance could be as low as $ 1,500 or as high as $ 4,000. That is a 60% difference.

There is no fixed interest rate; the effective interest rate varies by business. If the merchant’s business is doing well and sales increase, the prospective supplier collects the money earlier and the interest rate is quite high. Since there is no time limit for repaying the loan, the effective annual rate decreases as payments are spread over time, although the cash provider generally forecasts a fairly short payback period, usually less than a year.

There is no doubt that the merchant cost for this type of financing will be more than a conventional loan, but it is almost a foregone conclusion that a conventional bank will turn down this merchant for his much needed loan.

Merchants interested in a program like this may have bad or bad credit. They will have things like past tax problems, a delinquency list, collection issues, bonds, or judgments that would be an automatic red flag for a conventional bank. The merchant cash advance industry caters to businesses that cannot obtain traditional financing.

A risk worth taking

There is risk for cash advance providers and quite high risk (hence the higher cost to the merchant for the money), but they use sophisticated models to determine likely credit card purchases in the future. They also offer the cash with relatively short payback periods to help mitigate risk.

Although approval is not as difficult as it is for most bank loans, few cash advance providers will approve new merchants without a history of credit card transactions. Even fewer will approve larger sums than merchants can reasonably expect to earn from credit card transactions in a year.

The merchant cash advance provider bears all the risk, the risk is high, but since you pay out of projected future sales, it is generally a risk worth taking. Seasonal businesses that need cash to get through lean seasons or merchants who have an unexpected downturn in business (for example, due to road construction, building repairs, or prolonged illness) may find a need for a cash advance until business recovers again.

However, commercial cash advance companies claim that troubled businesses are not the only merchants interested in this type of program. Many types of businesses are often neglected by traditional financial institutions. Take, for example, a restaurant, it could be a very successful business, but a traditional bank wants to see tangible assets. Perishable food or used restaurant equipment just won’t make the cut, even if that restaurant is full every night.

There are many examples of times when healthy small business owners could use cash to help build their businesses, but are unable to obtain the necessary traditional financing. These include franchisees who have exhausted their savings to buy their first franchise and want to open a second one; merchants whose competitors have closed and have the opportunity to purchase their competitor’s old inventory or move to a new location; expansions; acquisitions; or simply the desire to move quickly in the face of a new perceived opportunity.

What is a real estate assignment contract?

You don’t have to be a real estate expert to have heard of release agreements. A release is one of the most common types of contracts in the legal world. They are used to allow a company to use someone’s image for commercial purposes. However, a real estate assignment agreement is not exactly the same. In most cases, prospective buyers use releases to release the seller of the mortgage or ties they have in a property so that the property is debt free. The form is extremely short and often only has one page when submitted. Let’s take a look at a typical contract that requires a seller to obtain a home mortgage release.

The first part of the contract clearly describes the date this agreement is signed, the names of both parties involved in the transfer of property, as well as the spouses of the members involved in the agreement. The second part of the agreement describes the terms and conditions under which the property in question is located. Look at how much debt the property has and whether the property has mortgage debt or associated lien debt. It also describes the purchase price of the property and how that purchase price can now be used to pay off any and all debts associated with the property. This type of form is primarily used to ensure that the seller will clear all debts on a property when the sale is completed as agreed in the original sales agreement. Some people find this form a bit redundant, but you can never be too careful when it comes to legal and property disputes.

The final part of the agreement only requires the signer to include their names, the amount of the total debt that is still present on the property, and finally the amount that is being paid. Much of the contract will be simply typescript, often a template, that describes the seller’s responsibilities after the sale is finalized.

If the buyer and seller of the property agree in advance, a real estate assignment agreement is not necessary. It could be part of the original sales agreement that the buyer is responsible for paying any existing debt on the property and not the seller’s responsibility. Since each legal agreement is different and many of them have their own unique provisions, some real estate transfer agreements can vary considerably from what is described here.

In conclusion, the real estate assignment agreement is a safeguard instituted by the buyer to ensure that a property that has a debt associated with it is paid in full with the money earned during the sale by the seller, so that when The final transfer of the property is finished, it is debt free. It is vital that this agreement be included if you are purchasing property that has debt attached.

Tenant Assessment 101

A lease is an agreement between a landlord / landlord and tenant / tenant whereby the former agrees to rent their property for a fee and subject to a lease, while the latter agrees to pay regular amounts as rent for use. continued ownership of the same property for a specified period of time. Finding the perfect tenant is not what this article is looking for, rather this article will try to provide the landlord with enough information and reduce the risk of renting a property to a useless person.

Credit Check for Homeowners – Credit Inquiry Definition

A landlord credit check is a request made by a person interested in the credit report and rating of another person (physical or legal) for a specific legal purpose and with a written authorization to do so. Remember, not everyone can request a homeowner’s credit check from credit reporting agencies. The request must be accompanied by a written authorization and the person or entity requesting it must indicate the purpose of the credit inquiry as a credit check of the tenant. The reason for this is that the law limits credit inquiries to protect the financial information of the natural or legal person.

Homeowner Credit Check – Credit Reporting Agencies

These are private corporations operated for profit. There are three or four major credit reporting agencies in the United States. The important thing to remember is that while it is safe to request a credit report and credit score from a credit reporting agency, it would be wise to obtain 2-3 different reports from the major reporting agencies. This is because each credit report may not contain the same information and may not contain the same forms.

Homeowner Credit Check: Your Credit Score

A credit rating is the numerical equivalent of a natural or legal person as risk. In theory, the higher the credit rating, the lower the default risk, and the lower the credit rating, the higher the default risk. There is no hard and fast rule here, however most landlords look for the following:

  1. Federal and State Median Credit Score: At a minimum, a tenant must be within the median credit score.
  2. Past lease defaults: Past lease defaults are indicative of a propensity not to pay rent on time.
  3. Total amount of indebtedness: Shows the landlord if the potential tenant still has the capacity to pay the rent.

Remember, the lower the score, the lower the tenant’s bargaining power. This also means that the landlord is justified in charging more rent per month or requesting a security deposit and advance deposit. The landlord should also insist on postdated checks for the full duration of the lease because these allow the landlord to strictly enforce the payment under threat of litigation.

Last minute tips

Aside from the landlord’s credit check, the landlord also has other means of getting a better picture of a potential tenant. These other methods are understood from a more extensive investigation of the potential occupant. These consultations are readily available online for a fee and may include the following:

  1. Criminal background check
  2. Pending medical collection control
  3. Job summary verification
  4. Checking for aliases
  5. Checking the history of previous addresses
Mr. mobster does emotional intelligence

I love Mr. Mobster on AskMen. “Look, college boy,” he writes, “there are certain lessons that all the books in the world couldn’t teach you.”

It strikes a chord with me. I came out of college as a college girl. It was a university in rural Minnesota, very academic, very intellectual. How academic? How intellectual? More students passed this school’s MedCATS than any other in the nation, or did so at the last count. It produces doctors and lawyers, but not necessarily rich; more typically labor lawyers and doctors from inner-city clinics, or professors of medicine and law.

I think it attracts more NF: idealists (only between 8% and 10% of the population). Whatever job the idealist has, it is a means to an end: saving the world. This is the college boy Mr. M. talks about, and the college girl who has to learn to put on her big girl panties, because you can never save the world, but you can lose your job.

When I left that ivory tower and got my first job, they saw me coming. Determined to be honest, courageous and sincere (and believing that others were), I got all the extra work, my “job description” expanded to match the infinite limits of my naivety; I got the worst team; I interviewed students in a closet; And of course I was ostracized just in case. Eating alone, I read a copy of “How to survive in the real world.” JK

What I did was get smart on the street. You know someone in the office is doing better than they should be considering their education, and you can’t figure out why. Then you realize: he has street intelligence … he always lands on his feet, he knows the score, he reads between the lines, he comes out when things are good, he can smell a rat, he knows something good when he sees it?

It is emotional intelligence; what Mr. Mafioso talks about in “Street Lessons”.

It begins with the litany that all idealistic intellectuals cannot accept: “The world is not fair. It is not pleasant. Nobody cares if you stiffen, if your feelings get hurt, or if you are hungry.” We are all in the same boat, he warns us, and it is a difficult journey. “Everyone is trying to get a piece of the action, trying to survive. And the street is just as cruel to everyone.”

I had to experience this many times before I was willing to let go of how I thought the world should be, or wished it to be. Eventually I stopped telling my co-workers that I really didn’t know what I was doing, etc. after receiving enough shots from a weapon that he had loaded and handed over to someone.

Mr. Mobster then tells us the thing we least want to hear, that he’s out of control: You can be on top one day, wondering what the problem is and then get bagged. “For various things: family, work, health, divorce, contaminated spinach …”

Her rules?

1. Keep your guard up. Does this fit with EQ’s “radius of confidence”? One component of emotional intelligence is “confidence until proven otherwise.” It is not seeing “the opposite” that gets us in trouble.

2. Stay away from arguments. Wait, he says, until they’ve worn each other down and you can see who the winner will be. As I put it in my How to Handle Difficult People course, only “fools rush in where angels fear to tread.” That quote was from a book I read in college. Once I aligned it with reality, it was fine. Before that, I usually rushed in because I thought I couldn’t BE a fool; He had a college degree.

3. Meet only when necessary. Mr. Mafioso believes that only girls enjoy getting together just to talk; that real men meet just to make a decision. Everyone knows … except your boss, right? The one with the Harvard MBA.

4. Get to know the people. But, he adds, that doesn’t mean they need to meet you. Having friends means connections, opportunities, and information, all good things; but do not reveal anything superfluous.

5. Don’t be too proud to retire. The next sentence is one that hangs over idealists and is often hard to dispel. Sometimes the only goal of my training is to get them to stop fighting in principle. If you can’t win, he says, give up, back off, go to witness protection (ha ha); having a strategy is better than courage. I think it means “bravado.” And “discretion is the best part of the value.” Sometimes a college education IS an advantage.

Mr. Mobster ends by saying he’s back on the bricks for him, “learning everything the hard way and hoping my son doesn’t have to do the same. There is no cure for this thing called life, so it’s better to learn certain things. things from the beginning. ” . Nothing can really prepare you for it, but if you keep your head in a spin, you will suffer fewer ‘unfair’ surprises. “

KEY POINTS here about the child. When teaching your child emotional intelligence:

1. You are teaching him whether you want to or not, so become aware and teach him GOOD Emotional.

Intelligence, not BAD Emotional Intelligence.

2. You have never finished learning Emotional Intelligence. Get coaching.

3. Let them learn their lessons, don’t rescue them unless the house is on fire.

4. Better yet, set up the lessons so they can learn them while they’re still under your

protection.

5. Connect the dots for them about what you are teaching.

Don’t forget to do this; it’s the part that most parents skip. Like most of us ask our children, “How would you feel if Bobby did that to you?” and “How do you think Bobby feels now that you spit on him?” But we do not tell them that we are teaching empathy, understanding that you have feelings and everyone else does. Labeling helps demystify the things that baffle us the most in life: emotional things.

Tell them that you are going to teach them stewardship, give them 3 months of assignment at a time, tell them it has to last, and then you will be there when they spend it all at once and have nothing left. Connect the dots for them, giving it language. It is easier to learn this when you have a network.

Now, going back to my NF client that I am training in Emotional Intelligence.

“I can’t do that,” he says, “it’s against my principles.” She is preparing for self-sabotage … again.

“Look, college girl,” I tell her. “Put on your big girl panties,” also known as stress tolerance, creativity, flexibility, resilience, interpersonal skills, and the other components of emotional intelligence.

It keeps your head spinning.

Know Your Three Types of Employees: Change Agents, Fence Keepers, and Stonemasons

Bad results hold an organization back. Organizational mediocrity will reign if poor workers are allowed to do nothing or create disharmony and get away with it. Most companies trust a few key players in the right places to get the job done. Imagine what your organization could accomplish with a simple combined change in employee type.

The three types of employees.

1. A Players: These are the change agents who step in, provide leadership, have a high degree of responsibility and take ownership. (Typically 5-10% of an organization.) These are your resources for people when you need to get things done.

2. B Players – Most of the workforce at around 70%. In times of stress or organizational change, they are the “fence keepers” because they are sitting around trying to figure out whether the organization will lean toward excellence or mediocrity. They will “come off the fence” and take over if management supports Players A. They are often full of ideas and will contribute them to the organization, but only if it is safe to do so.

3. C Players – Typically 10-20% of any organization. They are often referred to as “Stonewallers” because they are a stone wall. They are only interested in receiving a paycheck and doing as little work as possible. The problem with this group is that if they are allowed to get by with poor performance, the B players will see that management approve of their behavior and will begin to imitate them. The sooner you identify your “Stonewallers” and remove them from your organization, the sooner the B players will align themselves with the initiatives of the Agents of Change.

Door-to-door prospecting in network marketing

When I started in network marketing, the Internet was something of the future. Some businesses had computers, but the average household did not. My lead generation was a combination of door-to-door and classifieds. Door to door or person to person still works today.

You will need some supplies. You will need something that shows your products. It can be a catalog or a flyer. It is something that you can put in the hands of the person you are talking to. You will also need business cards and a lead tracking sheet.

If you are going door to door, my suggestion is that you go on the weekend or in the late afternoon. This is when you are likely to find the most people at home.

Think of yourself when you open the door to a stranger. My first goal is to put something in your hands. So I say: “I would like to give you a catalog.” Of course, I mention the name of the company when giving you the catalog. The vast majority of people will accept the free item that you are giving them.

Then I try to ask at least some of the following questions:

1. Have you ever ordered products from this company?

2. Would you like to receive the new catalogs as they become available?

3. Do you know someone who might be interested in selling the products? If you do and if you sign up and order, I will give you a $ 10 gift certificate for the products.

4. Do you know anyone else who wants a catalog?

5. Can I get your email address?

6. Would you like to receive my monthly newsletter?

7. Have you ever considered throwing a party at home?

8. Can I call or email you next week to see if there are any items you would like to purchase?

Every conversation is different, so each person is asked a different combination of the questions above. On my lead tracking sheet, I write down the direction and outcome of the conversation. Then I can follow up next week with what we agreed on.

This same technique also works for a person-to-person encounter. For example, if you are at the grocery store, say hello to the stranger in the line in front of you. Offer this person your catalog or sales brochure. Ask some of the questions above. Be prepared to write down their phone number, email address, or any other information you receive from them.

Using this technique is a great way to build a local team and develop local clients.

Toronto Toning Drain And Rootery – You can also clean up other waste from the garden

Toronto Toning Drain And Rootery

The latest product in the ton Drain Snaking & Rootery range is the ‘rooter’. This powerful innovation is not a lawnmower but it is a huge improvement on what we now have. Now you can turn any garden into a beautiful and vibrant landscape. The tonDrain Snaking & Rootery consists of a huge drainage tank, attached to which is a large bed of moss covered gravel. The large bed of gravel is used to carry the dirt away from the roots as they grow.

Drain snaking Toronto

The process is so simple that only a few seconds is needed for plants to establish themselves. The first step is to remove the excess water from the plants. The moss on top of the gravel will dry out and you can simply push it into the drainage tank. In a few days the roots will have established themselves firmly. They will be able to absorb a lot of water from the soil and will keep growing strong. This will result in healthier and better plants.

You can also clean up other waste from the garden. This includes leaves and branches from dead flowers or plants. You can mow the lawn very often without having to replant the shrubs. This is because you can clear away all the dead leaves and branches and use them again on another area. By doing this regularly you will be sure that the soil is thoroughly cleansed and therefore will be free from all the harmful elements that are present when soil is left to its own devices.

Toronto Toning Drain And Rootery – You can also clean up other waste from the garden

Another advantage of using the tonDrain Snaking & Rootery is that it makes the garden look like a well-maintained garden. This is because the larger scale aeration and soil drainage that takes place when using a trimmer is not necessary. This results in better looking ground. You also have the added advantage of saving money because you do not have to buy any additional equipments for aerating your ground.

The fact that there are numerous tools available for aerating the soil can make it difficult to choose the right one for you. However, this can be sorted out quite easily. If you do not want to use soil aerators then you should also stay away from tools that force the roots to the surface. Tools such as the tonDrain Snaking & Rootery do not do this.

In the same way you also have a choice of the trimmers and the nozzles that are available with the tonDrain Snaking & Rootery. All these trimmers and nozzles make work a lot easier. You do not have to spend a lot of time in choosing the right one for you. However, you should make sure that you go for a product that works in harmony with each other. You should also keep a check on the warranty that is provided with the product. If you do not pay attention to all these factors then chances are you will end up spending a lot more than what you would have spent for the product.

Understanding Equity Gear and Stock Trading

“After strong financial crises in the economy, for a corporate entity, it is quite significant to have a perfect combination of various sources of capital to ensure good returns and overcome deep losses.”

Here, some crucial terms have been defined with reference to a company’s financial system:

CAPITAL STRUCTURE

The type of securities to be issued and the proportional amounts that make up the capitalization is known as the capital structure or financial structure.

Capital structure refers to the proportion of different types of securities issued by a company to obtain long-term financing. Thus, the capital structure denotes: (1) the types of securities issued (capital shares, preferred shares and bonds), and (ii) the relative proportion of each type of security. In other words, the capital structure represents the proportion of registered capital and department capital used to finance the operations of a company. A proper balance must be obtained in the following securities or sources of financing to maximize the wealth of the company’s equity shareholders:

(a) actions of equality,

(b) preferred shares, and

(c) obligations

Characteristics of the solid capital structure

The capital structure of a company is said to be optimal when the ratio of debt to equity is such that it results in maximizing returns for equity shareholders. This structure would vary from one company to another depending on the nature and size of the operations, the availability of funds from different sources, the efficiency of management, etc.

A SOLID CAPITAL STRUCTURE MUST HAVE THE FOLLOWING CHARACTERISTICS:

(i) MAXIMUM PROFITABILITY.

(ii) LESS RISK.

(iii) FLEXIBILITY

(iv) ECONOMY.

(v) DYNAMIC.

FINANCIAL LEVERAGE OR CAPITAL LEVERAGE

A company can raise capital by issuing three types of securities: (a) equity shares, (b) preferred shares, and (c) bonds. Preferred shares have a fixed dividend rate and bonds have a fixed interest rate. Equity shares are paid dividends with the earnings remaining after the payment of interest on obligations and dividends on preferred shares. Therefore, dividends on equity shares can vary from year to year. Equity stocks are known as variable yield securities and bonds and preferred stocks as fixed yield securities. If the rate of return on the fixed-return securities is less than the company’s rate of profit, the return on the stocks will be higher. This phenomenon is known as financial leverage or capital leverage.

Therefore, financial leverage is an arrangement whereby fixed-yield securities (bonds and preferred shares) are used to raise cheaper funds and increase returns for equity shareholders. You may notice that a lever is used to lift something heavy by applying less force than is otherwise required.

Capital leverage denotes the relationship between various types of securities and total capitalization. The capitalization of a company is highly oriented when the share of capital stock in the total capitalization is small and it is poorly oriented when the capital structure dominates the capital structure.

Capital leverage is calculated by determining the relationship between the amount of equity capital (which represents securities with variable income) and the total number of securities (stocks, preferred shares, and bonds) issued by a company. Here is the capital structure of two different companies. Both companies have issued total securities worth Rs 20,000,000 and have equity shares worth Rs 5,00,000 and Rs 15,00,000 respectively. Company A is highly oriented since the ratio between share capital and total capitalization is small, that is, 25%. But in the case of company B, this ratio is 75%, so it is poorly targeted.

CAPITAL GEARING ANALYSIS

Company

(Rs.)

(a) Capital stock 5,00,000

(b) Obligations 15,00,000

(c) Total capitalization 20,00,000

(d) Capital Gearing (a / c × 100) = 5,00,000 / 2,00,000 × 100

= 25% (high gear)

The various securities issued must have such a relationship to the total capitalization that the capital structure is safe and economical.

Equity shares should be issued when there is uncertainty about earnings. Preferred shares, particularly cumulative ones, should be issued when average earnings are expected to be quite good. The bonds should be issued when the company expects significantly higher earnings in the future to pay interest to bondholders and increase returns to equity shareholders.

EQUITY NEGOTIATION

Stock trading is an arrangement whereby financial management raises funds by issuing securities that have a fixed interest rate (or dividend) that is less than the average earnings of the company. This is done to increase the return on equity stocks.

Suppose a company requires an investment of Rs. 10 Lakhs to earn Rs. 2.5 Lakhs @ 25% pa. To increase this amount, we can consider two proposals, namely, (A) to issue 1 lakhs of equity shares. Rs 10 each: and (B) to issue capital shares worth Rs 2.5 lakhs (i.e. 25,000 shares worth Rs 10 lakhs each), 8% preference shares worth Rs 2.5 lakhs and 10% bonds for value of Rs. 5 lakhs. The tax rate is assumed to be 40 percent. Earnings per share under proposal ‘B’ will be higher due to the application of ‘stock trading’. As shown in the table below, earnings per share (EPS) under Proposition B is Rs 4.00 compared to Rs 1.50 under Proposal A due to the use of debentures and preferred equity to raise funds.

EFFECT OF TRADING ON EQUITY

  • Individuals Proposal
  • Earnings before interest and taxes (EBIT) Rs 2.50,000
  • Less interest on obligations (10%) Nil
  • Earnings after interest and before taxes 2,50,000
  • Less taxes (40%) 1,00,000
  • Earnings after interest and taxes 1,50,000
  • Less preferred dividends (8%) Nile
  • Gain available to equity shareholders 1,50,000
  • No. of outstanding capital shares 1,00,000
  • Earning per share (EPS) Rs 1.50
Top Ten Business Management Apps

Efficiently managing your employees and keeping them focused and on task can be tough work. There are several programs to increase productivity and maximize profits. They can automate the most time-consuming processes involved in running a business. In my opinion, these apps are the top ten of the bunch.

1. Tree.io

Tree.io is, in my opinion, the best new business management software out there. It combines a powerful project management tool with functional sales and CRM tools, plus an excellent personalized support service that empowers your support staff. The project management section is incredibly easy to use. You can create milestones to give your employees something to work on, move tasks between projects with just a few clicks, and your employees can record the time worked on each specific task. I really can’t recommend Tree.io highly enough. It’s like Basecamp, Salesforce, and Helpdeskpilot rolled into one!

Tree.io is free indefinitely for up to 3 users, making it perfect for small businesses or startups. Their professional plan allows unlimited users and costs £ 9 per user per month.

2. GoogleDocs

GoogleDocs is the perfect way to manage and share your business documents. All your documents, spreadsheets, presentations and reports can be uploaded from your desktop in minutes and can be viewed and edited by your team members. It even has mobile device support so you can access your documents on the go. GoogleDocs is invaluable for companies that need to share their documents instantly among employees, customers, and vendors.

To use GoogleDocs, you must create a Google account. This is completely free and gives you access to all other Google services like Gmail, GoogleTalk, etc.

3. Solar accounts

Solar Accounts is a simple and easy-to-use accounting software for small businesses or the self-employed. It features double entry bookkeeping, transaction history, customizable invoices, and instant access to your financial records.

You can get solar accounts for free for a 60-day trial period, but after that, you have to pay a one-time fee of £ 124.99 to continue using it.

4. acceptAdate

acceptAdate is a really useful program for organizing meetings, conference calls, appointments, interviews with staff and more. You can quickly and easily find out when people are free and then schedule a meeting or appointment that is convenient for everyone.

Signing up for acceptAdate is completely free. With the free membership you can plan events for up to 10 people. If you need to create events for more people, you can upgrade to a premium account for $ 3.99 or $ 7.99.

5. Toggl

Toggl is a useful time tracking app that supports live tracking or timesheet focus, depending on how you run your business. Designed for teams large or small, Toggl allows you to assign different rates to each team member or each product or customer. With mobile and multi-language support, Toggl is invaluable for businesses that want to keep track of every minute.

However, you don’t get all these things for free; Pricing for Toggl ranges from $ 5 / month for 1 user to $ 79 / month for up to 40 users.

6. GoToMeeting

GoToMeeting is a tool that allows you to organize an online conference for up to 15 people at a time. With this app, you can share your screen with all attendees, hand over keyboard control to another attendee, and change who’s screen sharing.

GoToMeeting is free for a 30-day trial period, then £ 29 a month.

7. SageOne Accounts

SageOne Accounts is an online accounting software like Solar Accounts, but nothing needs to be downloaded. With SageOne Accounts, you can see a snapshot of your business performance, stay on top of VAT automatically, and keep all your customers and suppliers in one place. SageOne also has a 24/7 phone helpline in case you get stuck, and you can access it from anywhere with an internet connection.

SageOne is free for 30 days and then costs £ 10 per month.

8. NetSuite

NetSuite is business management software that has been around for a while, so some of its features are a bit outdated. With NetSuite, you can manage your business finances, customer relationships, and e-commerce from a single program. It is designed for large companies and corporations and has an equivalent price: $ 1,188.00!

9. Mozy

Mozy is an online backup service that allows you to keep all your files safe even if your office explodes. You can select the files you want to back up and Mozy will archive them in bulk while you sleep or in real time as the files change. Your information is kept safe with military grade encryption and strict security policies.

Mozy costs £ 3.99 per month for a desktop and £ 6.99 per month for a server.

10. Vyew

Vyew is an online collaboration program that allows you to work together with colleagues from around the world in real time. Vyew provides you with a simple whiteboard where you can share ideas, upload documents for discussion, or even share your desktop.

Vyew is totally free for up to 10 live participants, but if you sign up for $ 9.95 a month, you get rid of the ads and also get a host of additional features like VoIP and multiple meetings.

What You Should Know About Foreclosure And Its Stages

Mortgage’s trial:

A foreclosure occurs when a property owner is unable to make his loan payments. If a homeowner cannot keep up with the payments, they simply have to assign the property to the bank that has the mortgage on the house. A bank can bring a foreclosure action against the owner. They can sell or repossess (take possession of) a property to recoup the amount owed on a delinquent loan secured by the property. An owner’s rights to a property are lost due to non-payment of the mortgage. If the owner is unable to pay off the outstanding debt or sell it by short sale, the property goes to a foreclosure auction. If the property is not sold at auction, it becomes the property of the lender. Foreclosures are pretty straightforward sales because banks usually don’t want to be “homeowners”, they want to be “home lenders.”

Here are the five stages to foreclosure:

• Missed payments:

Foreclosure is a long process, which varies from state to state. A foreclosed property is property that has already been assumed by the bank. This stage begins when the homeowner falls behind on home loan payments (or sometimes other loan terms). This is usually due to difficulties such as unemployment, divorce, death, or medical problems. Lenders can wait a second, third, fourth, or even more late payments before issuing a public notice to the landlord.

• Public notice:

After three to six months of late payments, the lender records a public notice called a ‘Notice of Default’ (NOD) with the County Recorder’s Office, stating that the borrower has defaulted on his mortgage. Notice of Default and Intent to Sell must be mailed to the owner within 30 days of recording. This notice is intended to inform the borrower that he is in danger of losing all rights to the property and may be evicted from the home.

This NOD includes the property information, your name, the amount that is past due, the number of days that it is past due, and a statement that it is past due under the terms of the promissory note and mortgage that you signed when you purchased your home.

The owner has a set period of time to respond to the notice and / or submit pending payments and fees. If money owed or other default is not paid within a specified time, the lender may choose to foreclose on the borrower’s property.

The next step for the lender is to file a notice of sale of the property. However, if the borrower catches up on his payments, the foreclosure process can stop.

• Before foreclosure:

This stage begins when the lender files a notice of default on the property, informing the property owner that the lender will take legal action if the debt is not serviced. After receiving notice from the bank, the homeowner enters a grace period known as “pre-foreclosure.” During this time, the homeowner can either settle with the bank or pay the outstanding amount before foreclosure. Homeowners who are in the pre-foreclosure stage can make a short sale to pay off outstanding debts. If the borrower pays the default during this phase, the foreclosure ends and the borrower avoids eviction and sale of the home. If the default is not canceled, the foreclosure continues.

• Auction:

If the default is not remedied by the prescribed deadline, the lender or their representative sets a date for the sale of the home at a foreclosure auction (sometimes called a trust sale). The sale of the Notice of Trust Sale (NTS) is recorded with the County Recorder’s Office. The notice is sent to the borrower, posted on the property, and printed in the newspaper. At auction, the home is sold to the highest cash bidder, who must pay the highest bid price in cash, usually with a deposit up front and the remainder within 24 hours. The winner of the auction will receive the deed from the property trustee. The executing lender sets an opening offer on the property, which is generally equal to the outstanding loan balance and any other fees. The money from the sale is used to pay foreclosure costs, interest, principles and taxes, etc. Any remaining amount is paid to the owner. In many states, the borrower has the “right of redemption” (they can get the outstanding cash and stop the foreclosure process) until the time the home is auctioned.

• After foreclosure:

If a third party does not buy the property at the foreclosure auction or there are no bids higher than the initial bid, the lender takes possession of the property. The property will be purchased by the attorney making the sale, for the lender. If this occurs and the initial offer is not met, the property is considered bank owned or real estate (REO). This occurs because many of the properties that are up for sale at foreclosure auctions are worth less than the full amount owed to the bank or lender or when no one is bidding on them. The “bank owned” property is put back on the market for sale, usually through a real estate broker.